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Carillion goes bust
Posted: Mon Jan 15, 2018 2:46 pm
by hanno
Second largest construction company in the UK with 40,000 jobs goes into liquidation:
http://www.bbc.com/news/business-42687032
Re: Carillion goes bust
Posted: Mon Jan 15, 2018 3:09 pm
by obelisks
It's hard for me to imagine where they went wrong with so much of their income coming from the government?
Re: Carillion goes bust
Posted: Mon Jan 15, 2018 3:18 pm
by hanno
obelisks wrote: ↑Mon Jan 15, 2018 3:09 pm
It's hard for me to imagine where they went wrong with so much of their income coming from the government?
The company issued numerous profit warning but the government still went ahead and gave them contracts to the tune of 2 billion.
But have no fear: the CEO will walk away with a nice golden handshake.
Re: Carillion goes bust
Posted: Mon Jan 15, 2018 3:49 pm
by pczz
obelisks wrote: ↑Mon Jan 15, 2018 3:09 pm
It's hard for me to imagine where they went wrong with so much of their income coming from the government?
Probably paid the politicians too much bribe money
Re: Carillion goes bust
Posted: Mon Jan 15, 2018 4:54 pm
by tightenupvolume1
"Probably paid the politicians too much bribe money"
charlie
Re: Carillion goes bust
Posted: Mon Jan 15, 2018 5:02 pm
by hanno
tightenupvolume1 wrote: ↑Mon Jan 15, 2018 4:54 pm
"Probably paid the politicians too much bribe money"
charlie
Bribery does not exist in the UK?
There are a lot of calls to investigate exactly why this company continued to receive government contracts when it was already in financial difficulties.
Re: Carillion goes bust
Posted: Mon Jan 15, 2018 5:54 pm
by tightenupvolume1
Did i say that?
charlie
Re: Carillion goes bust
Posted: Mon Jan 15, 2018 8:43 pm
by obelisks
The collapse of Carillion lays bare the reality of what is really happening to public services
As a nation we either cannot afford the services we demand, including the shiny new hospitals and prisons and the wondrous new rail lines, or we are not willing to pay more taxes to fund these collective ambitions.
http://www.independent.co.uk/voices/car ... 59686.html
" we are not willing to pay more taxes "
How much can a koala bear ffs ? They will never be satisfied with enough until you give them the shirt off your back
people should never be willing to pay more taxes until they can demonstrate clearly that they spend the money prudently
and wisely and that will be the day that pigs will fly
Re: Carillion goes bust
Posted: Mon Jan 15, 2018 9:27 pm
by tightenupvolume1
A couple of surveys have shown that 70% or more people would be willing to pay more tax for the NHS. They want to privatise it, so they are letting it run down so that their friends and mates can clean up.
charlie
Re: Carillion goes bust
Posted: Tue Jan 16, 2018 1:21 pm
by cptrelentless
hanno wrote: ↑Mon Jan 15, 2018 5:02 pm
tightenupvolume1 wrote: ↑Mon Jan 15, 2018 4:54 pm
"Probably paid the politicians too much bribe money"
charlie
Bribery does not exist in the UK?
There are a lot of calls to investigate exactly why this company continued to receive government contracts when it was already in financial difficulties.
Incompetence. It's not the brightest and best that work for local government, as they are generally used to hoover up the unemployed so that the unemployment rates go down. It's then impossible to get fired. Plus there's extensive nepotism and cronyism. And of course the revolving door for those that authorise the contracts.